Gfinity to acquire CEVO for $2.7 million

Gfinity is reported to be in talks with CEVO to acquire them for  $2.7 million. This will be on the back of CEVO being extremely unsuccessful in handling out payments to their previous tournaments winners. CEVO has always resisted foreign funding in order to maintain their sovereignty and integrity. However that definitely cost them as they have been unable to hand out payments.  At the same time CEVO has been a direct competitor to ESEA in the past.

“We are delighted to have acquired one of the most reputable eSports technology players in the in the industry, which further strengthens our position as a market leader in eSports technology.

“It also demonstrates our determination to become a leading global player in the industry having previously delivered events in the UK, France, Mexico and USA since the start of this year.

“CEVO’s combined experience of 50 years in the market supplements our existing team of talented individuals – creating one of the most experienced eSports operators in the industry – leaving us well positioned to take advantage of a growing number of eSports opportunities in future.”

Neville Upton

Source : Dexerto

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